[ad_1] The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains. ITAT Gives Clarity On Pre-2022 Crypto Taxation In what is considered a landmark ruling for India’s digital assets ecosystem, the ITAT declared that cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others, were capital assets before April 1, 2022. Consequently, any profits earned from their sale during that period should be categorized as capital gains rather than income from other sources.…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. In a post on X dated December 17, 2024, Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, shared his personal top three predictions for the crypto sector in 2025. His insights come at a time when the crypto market has experienced significant growth, and after Bitwise released its annual top 10 crypto predictions for the next year. #1 Bitcoin Structured Products Surge Park predicts that by 2025, Bitcoin structured products will see an asset influx of at least $5 billion. He states, “The cold, hard truth is that most private…
[ad_1] For Charles Hoskinson, Cardano is primed to transform the blockchain and lead the decentralized revolution. In a recent Twitter/X post, Hoskinson shared his campaign to make Cardano accessible to its users and token holders. He says governance must include everyone, and Cardano is on track to lead the change. According to Hoskinson, Cardano only needs to hurdle two more milestones: a community-ratified constitution and approval of the budget system, before it can lead and redefine blockchain governance. Blockchain Governance Should Involve Everyone Governance in the blockchain is a hot-button issue in the crypto sector. For Hoskinson, the road to…
[ad_1] A widely followed crypto trader says one decentralized oracle service project may one day overtake its rival Chainlink (LINK). In a new video update, Guy Turner, the host of CoinBureau, tells his 2.57 million YouTube subscribers that the market cap for Pyth Network (PYTH) may eventually soar due to its potential to generate massive fee revenue. “In my opinion, Pyth Network is one of the most underrated cryptos there is. That’s because it’s an oracle that provides high-frequency data feeds that blockchains like Solana depend on. In other words, Pyth Network is like Chainlink, and some would argue that…
[ad_1] They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling…
[ad_1] The Dogecoin price is now at a decisive junction as it hovers near a support level that could determine its short-term direction. A recent analysis on TradingView highlights the importance of the $0.394 support, with outcomes pointing toward both bullish and bearish scenarios depending on price movement at this support level. Dogecoin’s Key Support Zone Faces Growing Pressure The Dogecoin price action in the past seven days has been highlighted by a perambulation around $0.40, which is a key psychological threshold for the meme coin. The balance between buying and selling pressure appears tight, leading to a consolidation move…
[ad_1] Este artículo también está disponible en español. A crypto analyst on TradingView, known as ‘Tradecitypro,’ has published a detailed Fantom (FTM) report, breaking down the cryptocurrency’s price action across the daily and 4-hour timeframe. After accurately predicting Fantom‘s surge above $1, the analyst highlights key price levels, market trends, potential price movements, and bullish technical indicators for FTM’s next parabolic trend. Fantom Daily Timeframe: Signs Of Trend Weakness After correctly forecasting FTM’s price breakout at $0.84, the TradingView analyst has revealed that the cryptocurrency is now following a parabolic uptrend, supported by a curved ascending trendline. According to the…
[ad_1] French Member of the European Parliament (MEP) Sarah Knafo delivered a high-profile address, urging the European Union (EU) to adopt a “Strategic Bitcoin Reserve” as part of a broader effort to promote financial autonomy and combat inflationary pressures. A French magistrate and member of the Cour des Comptes, Knafo’s background includes public service and political advising, most notably for right-wing Jewish presidential candidate Éric Zemmour. Knafo’s public role has steadily risen since her election to the European Parliament in 2024. Why The EU Needs A Strategic Bitcoin Reserve In her speech on the Parliament floor, Knafo drew upon global…
[ad_1] Este artículo también está disponible en español. Solana (SOL) has been holding steady above a crucial demand level near $210, a key area that could ignite a massive bull run. After reaching an all-time high (ATH) on November 22, Solana has experienced a 23% retracement, testing investor confidence. However, analysts remain optimistic, with many expecting a significant upward move in the coming weeks. Related Reading Renowned analyst Jelle recently shared a technical analysis highlighting Solana’s strong potential. According to Jelle, the monthly chart for SOL is primed for an “absolute monster run,” indicating that the current consolidation phase may…
[ad_1] Look, I think it’s only a matter of time before China pulls a complete 180 on its Bitcoin ban. Yes, they outlawed trading and mining back in 2021, but honestly, a lot has changed since then — especially this year. Bitcoin’s momentum globally has been insane. We’ve seen US President-Elect Donald Trump calling to stockpile Bitcoin; Bitcoin ETFs get approved, Fed Chair Jerome Powell calling Bitcoin “digital gold,” Larry Fink flipping pro-Bitcoin, and even Putin saying nice things about it. With all of this happening, I wouldn’t be shocked if China has already started quietly stacking sats (buying bitcoin).Here’s why…